Source: Dreadnought Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Dreadnought has a raft of new lithium prospects at Mangaroon, WA
  • The targets were identified in soil geochem sampling
  • Shares opened Monday at 3.3c

Dreadnought (DRE) has reported its confirmation that 16 new camp-scale lithium targets now join its books.

Located at its Central Yilgarn and Mangaroon targets, Dreadnought ran geochemical sampling nearby known pegmatites.

10 camp scale targets have been formalised at Central Yilgarn, and at Mangaroon, another 6.

The company also referred to “historical company and government mapping” as useful in locating targets.

Busy end to 2023 for Dreadnought

One target called Peggy Sue has seen “limited” exploration for lithium in the past with the other targets seeing none whatsoever, according to Dreadnought.

Mapping and further surface sampling is now underway at Mangaroon.

Central Yilgarn will see boots hit the sand for the same reason in December 2023.

“Evaluation of all targets will continue into 2024,” the company wrote.

Management comment

“With the year’s significant drilling campaigns wrapping up, Dreadnought looks forward to returning to its roots and getting back to generative exploration across its portfolio of projects and the potential within,” Dreadnought chief Dean Tuck said.

“The first cab off the rank from the recently completed project wide stream sediment surveys at Mangaroon and the ongoing review of Central Yilgarn has resulted in the identification of several camp scale potential LCT pegmatite swarms.

“With the intense interest in both regions for lithium, Dreadnought views lithium target definition work as a significant low cost, high value exploration priority.”

DRE shares opened Monday at 3.3c.

DRE by the numbers
More From The Market Online
The Market Online Video

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

Pharmaceutical companies can bring new hope to patients by delivering solutions to unmet medical needs. They…

Market Close: ASX inks 2 red days to finish off the week as sentiment stalls

There hasn’t been much change today. The market plunged and has hovered around 1.1% down ever…

Week 21 Wrap: NVIDIA’s profits are up 600% – but this time, the market didn’t really care

Not long now, and we'll be at the halfway point of the year. And while it…
The Market Online Video

Market Update: Energy the sole green sector as dull US mood sours Friday down under

The ASX is down nearly 1.10 per cent mid-session as Australian traders follow the lead of…